- At full capacity, Boddington will be Australia's largest gold producer.
- Boddington has an estimated mine life of more than 24 years.
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Western Australia’s Boddington Project Commences
On July 23, 2009, Newmont announced the official start-up of its 100% owned Boddington gold mine.
"For a project of its size and complexity, Boddington represents a signature achievement not just for Newmont, but for our industry as a whole," said Richard O'Brien, President and Chief Executive Officer. "I am especially proud of how our employees from across the globe contributed to the successful delivery of this world-class project. As Newmont continues its safety journey, it is especially pleasing to see this project being an industry leader in safety performance."
Key operating highlights for Boddington are expected to include:
- First five year average annual gold production: ~1,000,000 ounces;
- First five year average costs applicable to sales, net of by-product credits: $300 per ounce;
- Proven and probable gold reserves: 20.1 million ounces; and
- Estimated mine life in excess of ~24 years.
For further information, please see our news release.
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Newmont Becomes Sole Owner of Boddington
Newmont has completed a purchase agreement with AngloGold Ashanti Australia Limited for its 33.33 percent interest in the Boddington project in Western Australia. Boddington Gold, which became operational in July 2009, is now 100 percent Newmont owned and operated.
The operation is expected to take 12 months to reach full capacity, when it will become Australia's largest gold producer, delivering about one million ounces of gold a year and 35,000 tonnes of copper for the first five years. Boddington has an expected mine life of more than 24 years.